What does Caroline do?

Caroline is a clothing manufacturer in Lebbeke. Public Limited, started on 20 December 1963, 1 establishment.

What is the address of Caroline?

The registered office of Caroline is located at Kouterbaan 44, 9280 Lebbeke.

Is Caroline still active?

Yes. According to the CBE (29 October 2026) Caroline is active, legal situation “Normale toestand”, started on 20 December 1963.

Is Caroline registered on Peppol?

Yes, Caroline is registered on the Peppol network with ID 0208:0400278715.

What is the enterprise number of Caroline?

The enterprise number of Caroline is BE0400278715.

When was Caroline founded?

Caroline was founded on 20 December 1963.

Who are the directors of Caroline?

According to the 2025 annual accounts, the directors of Caroline are: Matho BV, Immo44 BV.

Is Caroline a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 20 December 1963; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did Caroline make in 2025?

Caroline posted a profit after taxes of € 2,688,315 in financial year 2025.

What is the revenue of Caroline?

In its most recent annual accounts (2025), Caroline reported revenue of € 26,894,927.

How much does an employee at Caroline earn?

The average wage cost per full-time employee at Caroline was € 82,600 in 2025: staff costs of € 3 million for 36.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Caroline have?

According to the 2025 annual accounts, Caroline has 36.9 full-time equivalents (FTE).

Caroline (Public Limited) - Lebbeke - BE0400278715

Dossier Caroline, printed on 29 October 2026 from databakkes.be/en/0400278715/caroline. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Caroline from Lebbeke, company number BE0400278715, closed financial year 2025 with a result of € 2.7 million after tax. For that financial year Caroline recorded revenue of € 26.9 million and equity of € 7.2 million. Compared with financial year 2024, the result moved from € 2.5 million to € 2.7 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.

What it is worth Growing

€ 7.2 million

▲ 48% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 2.7 million

▲ 8% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 2.2 million

▲ 64% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 350,000 paid out

13 % of the profit went to the shareholders, mostly to FASHION44 (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

36.9

▲ 0.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 7.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 3 million

€ 82,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 182,942

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

None

No bank loans on the last day of the fiscal year.

Owed to suppliers

€ 5.8 million

▲ 27% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 97 days on average.

Taxes and wages

€ 758,450

▼ 32% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 21,219,612 Revenue 2022: € 21,219,612 First fiscal year in the series	€ 22,543,973 Revenue 2023: € 22,543,973 ▲ 6% vs 2022 (€ 21,219,612) Favourable step	€ 24,467,098 Revenue 2024: € 24,467,098 ▲ 9% vs 2023 (€ 22,543,973) Favourable step	€ 26,894,927 Revenue 2025: € 26,894,927 ▲ 10% vs 2024 (€ 24,467,098) Favourable step	▲ 10%
Profit after taxes	€ 722,967 Profit after taxes 2022: € 722,967 First fiscal year in the series	€ 1,668,725 Profit after taxes 2023: € 1,668,725 ▲ 131% vs 2022 (€ 722,967) Favourable step	€ 2,482,507 Profit after taxes 2024: € 2,482,507 ▲ 49% vs 2023 (€ 1,668,725) Favourable step	€ 2,688,315 Profit after taxes 2025: € 2,688,315 ▲ 8% vs 2024 (€ 2,482,507) Favourable step	▲ 8%
Equity	€ 6,069,686 Equity 2022: € 6,069,686 First fiscal year in the series	€ 7,438,412 Equity 2023: € 7,438,412 ▲ 23% vs 2022 (€ 6,069,686) Favourable step	€ 4,898,919 Equity 2024: € 4,898,919 ▼ 34% vs 2023 (€ 7,438,412) Unfavourable step	€ 7,237,234 Equity 2025: € 7,237,234 ▲ 48% vs 2024 (€ 4,898,919) Favourable step	▲ 48%
Total debts	€ 5,797,708 Total debts 2022: € 5,797,708 First fiscal year in the series	€ 7,693,105 Total debts 2023: € 7,693,105 ▲ 33% vs 2022 (€ 5,797,708) Unfavourable step	€ 6,706,779 Total debts 2024: € 6,706,779 ▼ 13% vs 2023 (€ 7,693,105) Favourable step	€ 7,359,893 Total debts 2025: € 7,359,893 ▲ 10% vs 2024 (€ 6,706,779) Unfavourable step	▲ 10%
Cash	€ 1,513,226 Cash 2022: € 1,513,226 First fiscal year in the series	€ 2,725,531 Cash 2023: € 2,725,531 ▲ 80% vs 2022 (€ 1,513,226) Favourable step	€ 1,357,149 Cash 2024: € 1,357,149 ▼ 50% vs 2023 (€ 2,725,531) Unfavourable step	€ 2,230,492 Cash 2025: € 2,230,492 ▲ 64% vs 2024 (€ 1,357,149) Favourable step	▲ 64%
Retained profit	€ 4,466,045 Retained profit 2022: € 4,466,045 First fiscal year in the series	€ 5,834,771 Retained profit 2023: € 5,834,771 ▲ 31% vs 2022 (€ 4,466,045) Favourable step	€ 3,295,278 Retained profit 2024: € 3,295,278 ▼ 44% vs 2023 (€ 5,834,771) Unfavourable step	€ 5,633,593 Retained profit 2025: € 5,633,593 ▲ 71% vs 2024 (€ 3,295,278) Favourable step	▲ 71%
Dividend	€ 0 Dividend 2022: € 0 First fiscal year in the series	€ 300,000 Dividend 2023: € 300,000 Unchanged (€ 0) Unchanged	€ 5,022,000 Dividend 2024: € 5,022,000 ▲ € 4.7 million vs 2023 (€ 300,000) Unchanged	€ 350,000 Dividend 2025: € 350,000 ▼ 93% vs 2024 (€ 5,022,000) Unchanged	▼ 93%
Balance sheet total	€ 11,867,394 Balance sheet total 2022: € 11,867,394 First fiscal year in the series	€ 15,131,517 Balance sheet total 2023: € 15,131,517 ▲ 28% vs 2022 (€ 11,867,394) Unchanged	€ 11,605,698 Balance sheet total 2024: € 11,605,698 ▼ 23% vs 2023 (€ 15,131,517) Unchanged	€ 14,597,127 Balance sheet total 2025: € 14,597,127 ▲ 26% vs 2024 (€ 11,605,698) Unchanged	▲ 26%
Employees (FTE)	53.3 Employees (FTE) 2022: 53.3 First fiscal year in the series	49.2 Employees (FTE) 2023: 49.2 ▼ 4.1 vs 2022 (53.3) Unchanged	36.5 Employees (FTE) 2024: 36.5 ▼ 12.7 vs 2023 (49.2) Unchanged	36.9 Employees (FTE) 2025: 36.9 ▲ 0.4 vs 2024 (36.5) Unchanged	▲ 0.4

Key figures of Caroline, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Caroline?

What happened at Caroline in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 Matho BV stepped down as director. NBB
2027 Immo44 BV stepped down as director. NBB
Aug 10, 2026 New annual accounts for financial year 2025: profit of € 2.7 million (▲ 8% vs 2024). filed late Source: NBB ↗
2021 Matho BV became a director. NBB
2021 Immo44 BV became a director. NBB
Jan 1, 1964 New establishment in Lebbeke. KBO
Dec 20, 1963 Start of the company according to the CBE. KBO

In short

From € 722,967 profit in 2022 to € 2.7 million profit in 2025.

Paid € 2.2 million in corporate taxes since 2022.

Best year ever: 2025, with € 2.7 million profit.

Paid out € 5.7 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

FASHION44 100%

The stake of FASHION44 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

Caroline

The shares are held by FASHION44 (100%).

Directors

According to the 2025 annual accounts

Matho BV

Managing director · represented by Bart Saelen

Also active at: CETEX NOORD, IMMOCEL, Cetex Sud, FASHION44, IMMO44

since 2021 · until 2027

Immo44 BV

Managing director · represented by Anne-Christine Bouckaert

Also active at: IMMOCEL

since 2021 · until 2027

Shareholders

FASHION44

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Kouterbaan 44

9280 Lebbeke

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.

All companies at this address →

CETEX NOORD same network

€ 12.6 million revenue · 2025

IMMOCEL same network

€ 1.9 million revenue · 2025

Cetex Sud same network

€ 11.5 million revenue · 2025

FASHION44 same network

€ 1.4 million revenue · 2025

IMMO44 same network

€ 437,239 revenue · 2025

+1 more

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0400.278.715

VAT number

BE 0400.278.715

Registered office

Kouterbaan 44, 9280 Lebbeke

Names & denominations

Caroline

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

20 December 1963

Peppol

Active · Active since 21 Oct 2026

Activities · NACE

Vervaardiging van bovenkleding

Confectie van bovenkleding voor heren, dames en kinderen

Groothandel in kleding, kledingtoebehoren en bontartikelen

Vervaardiging van andere bovenkleding

Groothandel in kleding, met uitzondering van werk- en onderkleding

Vervaardiging van werkkleding

Vervaardiging van kleding van leer en van bont

View on CBE Public ↗ Annual accounts (NBB) ↗

Caroline

Financials

What happened to Caroline?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions